Oct 15, 2021 10:13 PM (GMT+8) · EqualOcean
Financial Associated Press, October 15 (Xinhua) -- Huali group announced that its wholly-owned subsidiaries, Vietnam Yongshan, Vietnam Shangjie and Vietnam Hongmei, intend to purchase their land use right, plant and equipment in Vietnam's Qinghua province from related parties Wuwei Investment Co., Ltd. ("Vietnam Wuwei investment") and Hongfu (Vietnam) investment Development Co., Ltd. ("Vietnam Hongfu investment") with their own funds Warehouses and other buildings and ancillary facilities ("subject assets"). The appraisal value of the assets to be purchased (excluding VAT) totals vnd 188 billion (equivalent to about RMB 52.4007 million). Through negotiation between the two parties, the total transaction price (including VAT) of the asset transfer is vnd 205.897 billion (equivalent to about RMB 57.3631 million).

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